Idea Cellular plans Rs. 10 billion placement of 9.45% debentures

By Toni Weeks

San Diego, Oct. 31 - Idea Cellular Ltd. informed the Bombay Stock Exchange that its committee of directors approved on Wednesday a Rs. 10 billion private placement of 9.45% secured redeemable nonconvertible debentures.

The company intends to place 1,000 debentures, each with a face value of Rs. 10 million.

The mobile telecommunication services company is based in Mumbai, India.

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